Davies acted for Hydrostor Inc., a developer of Advanced Compressed Air Energy Storage (A-CAES) projects, in securing a US$250-million preferred equity financing commitment from Goldman Sachs Asset Management’s Private Equity and Sustainable Investing businesses.
This is one of the largest investments in the emerging long-duration energy storage sector. Proceeds from this transformational financing will accelerate Hydrostor’s 8.7GWh A-CAES projects in Australia and California, and expand its project development pipeline globally.
The Davies team advising on this transaction included Brooke Jamison, Anthony Spadaro, Daniel Pearlman, Trevor Kirsh, John Aziz, Kate Lawlor, Jeffrey Nadler and Stephen Vincelli (Corporate); Andrew Ellis, Jennifer Lee and Zachary C. Kling (Tax); Alexandria J. Pike and Robyn Barabash (Environmental and Indigenous); and Jim Dinning (Competition, Antitrust and Foreign Investment).
Disclosure Interrupted: CSA Pauses Climate and Diversity Disclosure Rules
Apr. 28, 2025 - The Canadian Securities Administrators (CSA) is pausing its work on climate-related and diversity-related disclosure rules in order “to support Canadian markets and issuers as they adapt to the recent developments in the U.S. and globally. ” Consistent with the CSA’s recent regulatory shift...
Apr. 21, 2025 - Overview Canadian securities regulators recently implemented three blanket orders introducing exemptions intended to reduce friction for capital raising. Key among these improvements is an exemption that eliminates the requirement for a third year of annual financial statements in an...
